CG: What to Make of MLMs

Industry Focus

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4.6 • 854 Ratings

🗓️ 14 May 2019

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

You've undoubtedly been exposed to the multi-level marketing industry -- Facebook posts from people you went to high school with, phone calls asking you to come to Tupperware parties. Millions of Americans participate in the space, whether they call it "direct selling" "network marketing" or something else entirely. On this show, we explain why we won't invest in the industry, and how the average distributor tends to make out.

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Transcript

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0:00.0	Thanks to LinkedIn for supporting industry focus.
0:02.2	LinkedIn Jobs makes it easy to get matched with quality candidates who make the most
0:06.0	sense for your role.
0:07.4	You can post a job today at LinkedIn.com slash Fool and get $50 off your first job post.
0:15.0	Welcome to Industry Focus.
0:16.0	The podcast that dives into a different sector of the stock market every day.
0:20.0	It's Tuesday, May 14th, and we're talking about MLMs, I'm your host,
0:24.4	still and Lewis, and I've got fool.com's Dan Klein with me on Skype.
0:28.2	Dan, what's going on?
0:29.7	Ah, not too much. Here in West Palm Beach, we've moved from summer to super summer where
0:34.1	it's impossible to go outside unless you're going to the beach or the pool.
0:36.8	Here in DC we haven't decided whether we're in spring, summer, or fall it seems we've
0:42.0	been dealing with a ton of rain it's been pretty dreary
0:44.1	here Dan it's actually rained a lot here too we have these like weird things where
0:48.1	I was in the pool it's raining there's not a cloud in the sky I get out of the pool
0:52.2	it's torrential by the time I get
0:54.2	three floors down on the elevator back to my condo it's perfectly nice again.
0:58.2	I've got family that lives on the Gulf side of Florida and they say you know if it's raining and you don't
1:03.1	like it just wait 20 minutes. Yeah that's often how it is. Well Dan I'm having you on
1:08.3	today because I wanted to do a show on maybe a concept that some people are a little familiar with the idea of
1:15.1	a sin stock and this is something that is often applied to the tobacco alcohol gambling field where
1:22.1	you know you have companies that are putting stuff out
	...

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